When was XPT founded?

XPT was founded in 2017 and raised its 1st funding round within a year of its incorporation.

Where is XPT located?

XPT is headquartered in New York City, United States. It is registered at New Haven, Connecticut.

Who is the current CEO of XPT?

Tom Ruggieri of XPT. They have also founded 1 company.

How many employees does XPT have?

As of May 31, 2026, the latest employee count at XPT is 270.

Is XPT a funded company?

XPT is a funded company, having raised a total of $18.6M across 3 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Jun 12, 2017.

When was the latest funding round of XPT?

XPT's latest funding was a $***** Series B round on Nov 27, 2024, with participation from 1 investor. Its primary sector is Insurance Distribution. In United States, the Insurance Distribution sector has seen $1.07B in funding in 2026 to date.

Where does XPT rank among its competitors?

XPT ranks 1st amongst 68 active competitors, of which 2 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was XPT, which secured $12.6M in Nov, 2024.

Who are the top competitors of XPT?

XPT's top competitors include Novatae Risk Group, Worldwide Facilities and Connectedanalyticservices. Among them, XPT secured the most recent funding round in November, 2024.

XPT - 2026 Company Profile, Team, Funding & Competitors

XPT is a series B company based in New York City (United States), founded in 2017 by Tom Ruggieri, Jeff Heath and Mark Smith. It operates as a Wholesale insurance brokerage specializing in niche markets. XPT has raised $18.6M in funding. The company has 68 active competitors, including 2 funded and 19 that have exited. Its top competitors include companies like Novatae Risk Group, Worldwide Facilities and Connectedanalyticservices.

Company Details

Wholesale insurance brokerage specializing in niche markets. It provides brokerage services, unique products, and binding authority to retail agents. The firm focuses on several industries including transportation, hospitality, agribusiness, and others, offering workers' compensation, professional lines, and personal lines products. They support retail agents by handling complex cases and providing access to competitive rates and products, aiming to increase close rates for their partners. The company has a management team with extensive experience in the insurance industry.

Website: xptspecialty.com
Email ID: *****@xptspecialty.com
Registered Address: New Haven, Connecticut

Key Metrics

Founded Year

2017

Location

New York City, United States

Stage

Series B

Total Funding

$18.6M in 3 rounds

Latest Funding Round

Series B, Nov 27, 2024, $*****

Investors

Madison Capital Funding & 1 more

Ranked

1^st among 68 active competitors

Employee Count

270 as on May 31, 2026

Investment & Acquisitions

Craig & Leicht & 7 more

Similar Companies

Novatae Risk Group & 67 more

View XPT's full profile

XPT is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
XPT PARTNERS LLC CIN: 842849287 , United States, Active	Dec 31, 1999	-	401 (As on Dec 31, 2024)	-

XPT has raised a total funding of $18.6M over 3 rounds. Its first funding round was on Jun 12, 2017. Its latest funding round was a Series B round on Nov 27, 2024 for $*****. 1 investor participated in its latest round. XPT has 2 institutional investors.

Here is the list of recent funding rounds of XPT:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 27, 2024	3823861	Series B	2919292	9667293	7156732	3524066
Sep 2019	6260186	Conventional Debt	6247008	4228723	4178000	Madison Capital Funding
Jun 12, 2017	2645755	Series A	9083484	2834572	4325732	B.P. Marsh & Partners

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View details of XPT's funding rounds and investors

The founders of XPT are Tom Ruggieri, Jeff Heath and Mark Smith. Tom Ruggieri is the CEO of XPT.

Here are the details of XPT's key team members:

Tom Ruggieri: Co-Founder & CEO of XPT.
Contact Info: 1 email address
Jeff Heath: Co-Founder of XPT.
Contact Info: 1 email address
Mark Smith: Co-Founder of XPT.
Contact Info: 1 email address

View details of XPT's Founder profiles and Board Members

XPT's employee count trend

XPT has 270 employees as of May 26. Here is XPT's employee count trend over the years:

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Top competitors of XPT include Novatae Risk Group, Worldwide Facilities and Connectedanalyticservices. Here is the list of Top 10 competitors of XPT, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	XPT 2017, New York City (United States), Series B	Wholesale insurance brokerage specializing in niche markets	$18.6M	Madison Capital Funding, B.P. Marsh & Partners	51/100
2nd	Novatae Risk Group 2009, Dallas (United States), Funding Raised	Provider of wholesale insurance distribution services	-	-	48/100
3rd	Worldwide Facilities 1970, Los Angeles (United States), Acquired	Provider of wholesale specialty insurance products and services	$169M	Lovell Minnick Partners, Ares Capital Corporation	42/100
4th	Connectedanalyticservices Plano (United States), Unfunded	-	-	-	39/100
5th	Tennant Risk Services 1987, West Hartford (United States), Acquired	Wholesale P&C insurance broker	-	-	38/100
6th	IL Group 1989, Gulf Shores (United States), Unfunded	Customized insurance products and services provider for financial institutions and agents	-	-	36/100
7th	Boston Insurance Brokerage 2001, Boston (United States), Unfunded	Provider of insurance brokerage services	-	-	35/100
8th	INSUREtrust 1997, Norcross (United States), Acquired	Provider of cyber insurance brokerage and risk management services	-	-	33/100
9th	Green Tree Risk 1935, Philadelphia (United States), Unfunded	Green Tree Risk Partners is a wholesale brokerage and program business placement specialist for the wood products, lumber, and building industry.	-	-	33/100
10th	Socius Insurance 1997, San Francisco (United States), Acquired	Provider of civil engineering, land surveying, environmental consulting, and landscape architecture services	-	Abry	31/100

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XPT has not made any investments yet. XPT has made 8 acquisitions.

Here is the list of latest three $acquisitions:

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Feb 22, 2023	Acquisition	Craig & Leicht	1983	Houston (United States)
Feb 09, 2022	Acquisition	IBI	1974	Indianapolis (United States)
Jan 05, 2021	Acquisition	IPC	1996	Gardnerville (United States)